IRSA sells garages in the emblematic Retiro building: what are the prices?

IRSA back to bidding at auctions. This time the company he runs Eduardo Elsztain tries to solve 15 garagesthe last property he has in the iconic building “Ruler”, retired.

the auction has started on Monday, February 13 and that in a way on the line through the Narvaezbid platform that accepts bids until the following Wednesday, February 22.

The garages are the rest of the units that IRSA auctioned at the end of 2021. “At that time, we sold 50 parking spaces individually,” company sources explained. This is a strategy that the company started after the pandemic in its search to deal with non-strategic real estate.

At the beginning of last year, IRSA sold 100% of the historical republic building in the northern Catalinas, where it operated for years the headquarters of Telefónica, which remained in their hands from The Petersen Group.

Although the pandemic has affected this area, the units that are selling today are doing so at a value higher than the sale price in 2021. According to the information contained in the auction notice, the garages have a base value of 19,200 dollars. A little less than two years ago, this figure was barely exceededhis $14,000. “Zone of Microcenter recovered and this affects sales values,” explained IRSA.

How is “Roller”

The Prourban office building, better known as “Rulero”, does not go unnoticed. It is located on the corner of ul Av. Libertador and Carlos Pellegrinia few meters from the Retiro station.

The carriers of the works more than 37 years ago were construction companies Eugenio Grassetto and Sideco Americana. They were based on a project commissioned by Flore Manteola’s studio in 1978 by developer Creaurban (he was from Grupo Socma, headed by businessman Franco Macri). This is how this special design for the construction of a circular building was created.

Today, this tower, exclusively for offices, is far from its glory. “We understand that it is time to sell, because there are many companies that have surpluses in pesos and want to turn to the brick market,” they graphically presented from IRSA.

The building, over 37 years old and with 27 office floors, renovated – before Covid – has a parking lot. There, a system similar to the one at the toll gate has been installed, so that one can enter by reading the vehicle’s license plate. Which is why the system speeds up and there are fewer contacts during the pandemic.